Insider at General Motors (GM) Makes Significant Sale of Stock

Wednesday, September 27, 2017 10:15 PM ET

Insider at General Motors (GM) Makes Significant Sale of Stock

One insider — Daniel Ammann, Officer — today, disposed of 40,000 shares of General Motors having a market value of approximately $1,607,600, as revealed in a form 4 document filed with the SEC. There have been 8 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 25,800 company shares and the disposition of 158,255 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 172,455 shares and have averaged 24,895 shares per transaction over this time period.

The number of insider buy/sell trades at General Motors is higher than that of the 20 peer company average over the last 90-day period. The Auto & Truck Manufacturers peer group saw 16 buy/sell trades during this period for an average of 0.8 transactions per company. However, the number of shares traded per transaction by General Motors insiders is lower than its peers. Within the peer group there were 28,800 shares purchased and 446,694 shares sold with company insiders selling 26,118 shares on average over this time period.

The data sourced in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

For more information, contact UpTick at Copyright 2017 UpTick Data Technologies. All rights reserved.

This entry was posted in InsiderNews and tagged , , , , . Bookmark the permalink.